Member Info for TimberTrader

Everyone has their own reasons for selling, including the company Chairman. It's the institutions now that pretty much control the sp, and we're the biggest riser on the ASX 100 today, so it hasn't had any noticeable effect, so no concerns whatsoever for me anyway.

Possibly l-a, but the ASX is open as normal.

Next week could be very interesting, and maybe there's just some FOMO in the sp. We could have the Havieron Final Investment Decision as early as Monday, but we're also due the imminent updated Telfer Reserve numbers too....

We achieved an average gold price of A$5,014/oz in Q4 FY25 (1st April - 30th June 2025) which generated net revenue of A$487 million (including Copper) and an operating cash flow of A$310 million for the quarter, delivering a closing cash balance of A$575 million (from A$398 million at 31st March 2025), debt free.

We achieved an average gold price of A$5,277/oz in Q1 FY26 (1st July - 30th September 2025) which generated net revenue of A$476 million (including Copper) and an operating cash flow of A$284 million for the quarter, delivering a closing cash balance of A$750 million (from A$575 million at 30 June 2025), debt free.

We achieved an average gold price of A$6,301/oz in Q2 FY26 (1st October - 31st December 2025) which generated net revenue of A$507 million (including Copper) and an operating cash flow of A$406 million for the quarter, delivering a closing cash balance of A$948 million (from A$750 million at 30 September 2025), debt free.

We achieved an average gold price of A$6,773/oz in Q3 FY26 (1st January - 31st March 2026) which generated net revenue of A$742 million (including Copper) and an operating cash flow of A$453 million for the quarter, delivering a closing cash balance of A$1,208 million (from A$948 million at 31st December 2025), debt free.

As of today, being 2/3rds of the way through Q4 FY26, the AVERAGE gold price this quarter is A$6,523/oz, so pretty much exactly in the middle of the Q2 & Q3 FY26 gold price numbers. You only have to look at what we achieved in those two quarters, to see that we're still in a very strong position. Add to that the COPPER prices still being at record highs, and it gets even better, for revenue and our AISC level this quarter.

GGP are UP 6.72% @ A$13.65 (£7.28) on the ASX today and the Highest Riser on ASX 100 (and, naturally, top of our peer group, yet again!)

Not in my opinion Kent Man, mainly because I doubt that Iran will ever be 'concluded', as such, unless you meant to be more specific in what you meant by 'concluded'.

Greatland Resources (GGP)

Initiated at buy at UBS; Price Target: A$16.50 (£8.77)

Hi Panama! Great post! I was just looking at the Lanyon Investment Fund ETF, which, although not a particularly big holding, it could be buying any company shares worldwide. They hold Greatland at 3.55% of their weighting. That's their 6tgh largest holding, which includes the likes of Berkshire Hathaway & Lloyds.

Their literature says, "The Lanyon Investment Fund is a value-oriented, long-term, concentrated equity fund. The fund can invest in equities across all market capitalisations and industries but will only invest in securities when they trade at a significant discount to our estimate of their intrinsic value."

So true!

https://www.marketindex.com.au/asx/lny/announcements/quarterly-portfolio-disclosure-march-2026-2A1674054

Even 'better' at close.

Genesis -10.16%

Ramelius -7.99%

Evolution -7.76%

Northern Star -7.47%

Capricorn -8.14%

Greatland -5.61%

Agree Element! Of course it's not pretty, but, as I've posted regularly, over the past month or so, and as indicated in Rotherby's numbers, we are certainly maintaining that 'head of the pack' position, well above average, indicating QUALITY...

Genesis -9.68%

Ramelius -7.40%

Evolution -7.60%

Northern Star -7.17%

Capricorn -6.7%

Greatland -5.76%

I was interested to see that Shaun Day commented on 'X' that this WA EPA outcome was, "a little ahead of expectations."

The FID was shown as targeted for the 1st June in other documentation (not just the 'June quarter'), and therefore that increases my personal view that we may well see the FID made then, or even this week. It's surely got to have been decided already, so is now just a formality, as they'll want to officially get on with it, I'm sure.

Shaun Day on 'X'...

"Pleased to announce today that Greatland received EPA approval for its Havieron development.

This is an important milestone and a great credit to the team for their engagement with the EPA to successfully manage this outcome a little ahead of expectations. "

https://x.com/shaun_day_/status/2059107369641202054

Havieron set to shine for Greatland following environmental approval

https://www.australianmining.com.au/havieron-set-to-shine-for-greatland-following-environmental-approval/#

Https://www.miningnews.net/miners/news-analysis/4531888/greatland-lands-havieron-approvals

The early works procurement for the Havieron critical and specialised long lead items commenced following completion of the Feasibility Study in December 2025, but following the FID, which is targeted for 1 June 2026, the major works can commence.

These are the current key goods & services which are required:

Construction and engineering services,

detailed design, procurement of goods.

Long lead procurement items and materials

Supply, installation, engineering, construction,

project controls, procurement

Underground SMP (structural, mechanical,

piping) installation

Underground electrical and instrumentation

(E&I) installation

Ventilation infrastructure installation and

commissioning

Bulk earthworks and site preparation

Haul road and internal road construction

Surface concrete works

Raw water pipeline construction

Highvoltage transmission line construction

(132kV)

Major electrical equipment supply

(switchgear, transformers, MCCs, VSDs)

Surface electrical and E&I installation

Camp and village facilities (accommodation

and services)

Surface SMP installation

Workshops, maintenance and ancillary

infrastructure

That's great news Paddy! It looks like we should then, hopefully, get the FID next Monday, as or possibly even before, as scheduled.

ASX closes higher; gold, coal miners lift

Capital Brief

The news: The Australian share market finished higher as the materials sector surged amid gains for gold and coal miners. Investors also weighed positive developments towards a peace deal between the US and Iran.

The benchmark ASX 200 index lifted 0.4% to 8,692, with six of the 11 sectoral indices in positive territory.

Biggest movers:

Resolute Mining (+9.4%) — Paced gains by gold miners, with Genesis Minerals (+8.5%), Ramelius Resources (+6.6%) and Greatland Resources (+6.7%) also ending sharply higher.

https://www.capitalbrief.com/briefing/asx-closes-higher-gold-coal-miners-lift-10b9b6e9-6ad1-40af-aea2-49a78746bf7b/

That name always reminds me of Auric Goldfinger and his operation in Switzerland, 'Enterprises Auric A.G.'.

GGP ended UP 6.75% on ASX at A$13.92 (£7.40) - 4th Highest Riser on ASX 100, and, again, ahead of our peers, apart from Genesis (up 8.48% and 2nd highest riser).

Https://d1-invdn-com.investing.com/content/509c9ac1a1389f3ab19b12251a08ac2c.png